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Training the right candidates, Part II
Posted Date: Sunday, June 5, 2016
In Part I of our two-part series, we talked about companies using creative solutions to staff the industry during the upcoming busy season. In Part II we are discussing the training that candidates receive once they are placed full-time with a title company. Keep reading to learn more.
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Rep. Hill: More information needed on Know Before You Owe
Posted Date: Tuesday, May 17, 2016
Addressing more than 250 attendees Monday during the American Land Title Association (ALTA) 2016 Federal Conference & Lobby Day in Washington, D.C., Congressman French Hill (AR-02) stressed that the Consumer Financial Protection Bureau (CFPB) should provide additional formal guidance to help industry comply with the TILA-RESPA Integrated Disclosure (TRID), or the Know Before You Owe, rule.
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eLynx acquisition broadens Black Knight offerings
Posted Date: Thursday, May 19, 2016
Black Knight Financial Services executives discussed the company’s acquisition of eLynx on a conference call this week, saying the acquisition is an example of the company’s strategy moving forward. Read on for details of the deal.
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AmTrust Financial acquires title company
Posted Date: Sunday, May 22, 2016
AmTrust Financial Services, Inc., has completed the acquisition of a New York title company and its subsidiaries. It will be part of AmTrust Title, AmTrust’s expanding title insurance operation. Read on to learn more about the company and the deal.
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Title Alliance acquires Village Title Agency
Posted Date: Sunday, May 15, 2016
Title Alliance has acquired Village Title Agency in Summit County, Ohio. The owner Gayle Snyder said she is excited to expand the title agency she founded in 1995. Keep reading to learn more.
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RedVision releases benchmark study on true title origination costs
Posted Date: Tuesday, May 17, 2016
RedVision and Accenture teamed up to produce a title insurance production benchmark study titled, “Key insights on true title origination costs and what title companies can do about them.” As companies continue to try to reduce costs, one question remains: What does it truly cost title insurers to originate a title? Read on to learn more.
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How to stay on a lender’s ‘white list’
Posted Date: Sunday, May 15, 2016
ATPR Inc. released a whitepaper, “Getting onto (and staying on) a mortgage lender’s “white list.” It said mortgage lenders are scrutinizing the way their service providers do business more than ever. Read on to learn more.
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Wells Fargo launches fast loan for small businesses
Posted Date: Tuesday, May 10, 2016
Wells Fargo launched FastFlex Small Business Loan, an online, fast-decision loan. It is designed to help small businesses with short-term credit needs get access to funds as soon as the next business day. Read on to learn about the lender’s newest tool for small businesses.
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Investors Title shows growing profits in first quarter
Posted Date: Tuesday, May 10, 2016
Investors Title Co. announced its results for the quarter that ended March 31, 2016. Although revenues for most issuing offices increased from last year, they were offset by reductions in a few larger agencies. Still, profits rose from a year earlier. Read on to learn more.
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Realogy reports strong start to 2016 for TRG
Posted Date: Tuesday, May 10, 2016
Realogy Holdings Corp., parent company of the Title Resource Group, announced its earnings results for the first quarter of 2016. TRG revenue soared in the first quarter from a year ago because of strong growth in purchase transactions. Keep reading to learn more.
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Radian CEO says progress evident after ValuAmerica acquisition
Posted Date: Tuesday, May 17, 2016
Six months after buying Pittsburgh-based title company ValuAmerica, the CEO of parent company Radian Group told analysts that the company already had seen evidence of progress in cross-selling its services to its mortgage insurance customers. Read on for details from the company’s first-quarter earnings call.
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FDIC highlights resources on banking for small businesses
Posted Date: Tuesday, May 10, 2016
The Federal Deposit Insurance Corporation (FDIC) highlighted the agency's resources to help small businesses get the most from their banking relationships. Their ability to generate new jobs depends, in large part, on access to credit and other banking services. Read on to learn more.
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Title Lock offers title fraud monitoring
Posted Date: Thursday, May 19, 2016
Title Lock, a title fraud detection company, now is offering its proprietary title fraud monitoring and alerting system via desktop and mobile platform to home and property owners nationwide. Title Lock President Harish Chopra told The Title Report the platforms provide early protection by notifying users with real time-alerts if any of the 250 types of title documents are disturbed at the county recorder’s office. Keep reading to learn more.
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CREATe.org says NIST framework important for cybersecurity
Posted Date: Sunday, May 22, 2016
The Center for Responsible Enterprise and Trade recently released a whitepaper, “Cyber Risk: Navigating the Rising Tide of Cybersecurity Regulation.” It says cybersecurity threats have grown in their severity and pervasiveness, information security has become a leading priority for organizations and governments worldwide. Read on to learn more.
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HOA Solutions curing lien issues for asset holders
Posted Date: Sunday, May 15, 2016
To accommodate the industry demand for more homeowner and condo-owner association liens, Chronos Solutions has opened a second location in Rainbow City, Ala., to house the company’s HOA Solutions Group. SVP Duke Odom told The Title Report the surge in demand is due to higher ramifications from legal precedents. Read on to learn more.
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Georgia county now eRecording
Posted Date: Sunday, May 22, 2016
Catoosa County in Georgia is eRecording real estate documents through CSC. Read on to learn more.
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RamQuest now integrated with Title Resources
Posted Date: Tuesday, May 10, 2016
RamQuest, Inc.’s Closing Market digital network now is integrated with Title Resources. This integration enables agents who issue Title Resources title insurance policies to access closing protection letters and policy jackets through RamQuest’s Closing Market digital network. Read on to learn more.
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SoftPro integrates with TrustLink
Posted Date: Tuesday, May 24, 2016
SoftPro’s 360 business exchange platform now is integrated with TrustLink from First American Professional Real Estate Services (FAPRES). SoftPro customers who also use TrustLink will benefit from this seamless integration without leaving their SoftPro environment. Read on to learn more.
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Economic growth outlook subpar, Fannie says
Posted Date: Sunday, May 22, 2016
Consumers and businesses are more cautious amid slowdown in the labor market, according to Fannie Mae’s Economic and Strategic Research Group. It lowered its full-year economic growth forecast to 1.7 percent. Read on to learn more.
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Housing market underperforming according to First American
Posted Date: Sunday, May 22, 2016
First American Financial Corp. released First American’s proprietary Potential Home Sales model for the month of April 2016. For April, the model showed that the market for existing-home sales is underperforming its potential. Keep reading to learn more.
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Average time to close loans holds steady at 44 days
Posted Date: Sunday, May 22, 2016
The average time to close a loan held steady in April, according to the Ellie Mae Origination Insight Report. The Origination Insight Report mines its application data from a robust sampling of approximately 66 percent of all mortgage applications that were initiated on the Encompass all-in-one mortgage management solution. Keeping reading to learn more.
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CoreLogic: Foreclosure inventory down 23 percent
Posted Date: Thursday, May 19, 2016
CoreLogic released its March 2016 National Foreclosure Report showing the foreclosure inventory declined by 23.2 percent, and completed foreclosures declined by 14.9 percent, compared with March 2015. The March 2016 foreclosure inventory rate is the lowest for any month since October 2007. Read on to learn more.
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22 more counties eRecording with Simplifile
Posted Date: Thursday, May 19, 2016
Counties across 11 states nationwide have added eRecording abilities with Simplifile, the company announced. Read on to see where the company has expanded its reach.
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Rep. French Hill speaks one-on-one with The Title Report
Posted Date: Thursday, May 19, 2016
One of the leading Congressional advocates for the title and mortgage industries, Rep. French Hill, took time out of his schedule for a one-on-one interview with The Title Report. He talked about confusion that still remains with the TILA-RESPA Integrated Disclosure (TRID) rule, frustrations he and the industry have had with the way the Consumer Financial Protection Bureau (CFPB) has handled the regulation, and the future of the TRID hold-harmless bill that he introduced and passed the House in October. Read on for all the details.
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Millennials heavily impacting homeownership
Posted Date: Thursday, May 19, 2016
Millennials are bucking trends, changing the landscape of America, and sharply different from previous generations in many different ways. One of the most visible and consequential ways is through millennial homeownership numbers. Keep reading to learn more.
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Home loan originations down 8 percent, RealtyTrac says
Posted Date: Tuesday, May 17, 2016
RealtyTrac released its Q1 2016 U.S. Residential Property Loan Origination Report. Purchase originations were up 3 percent, as refinance originations fell 20 percent from a year earlier. Read on to learn more.
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SoftPro integrates with Title Resources Guaranty Co.
Posted Date: Tuesday, May 17, 2016
SoftPro announced a new integration for agents of Title Resources Guaranty Co. with its SoftPro 360 business exchange platform. Read on for details of how the integration will help the companies and their products.
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Black Knight Financial Services acquires eLynx
Posted Date: Monday, May 16, 2016
Black Knight Financial Services, Inc. has acquired eLynx, a portfolio company of American Capital Ltd. Black Knight Executive Chairman Bill Foley said this is an exciting step for Black Knight as it announces its first acquisition as a publicly traded company. Read on to learn more.
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NS3 Preview: Embracing change, developing models can drive sales
Posted Date: Monday, May 16, 2016
Since the implementation of the TILA-RESPA Integrated Disclosure (TRID) rule in October, it’s safe to say that business has been anything but usual for the title and settlement services industries. In a panel discussion at the National Settlement Services Summit in Charlotte, N.C., Orange Leaf Consulting CEO Cynthia McGovern and Florida Agency Network CEO Aaron Davis will discuss the opportunities to increase and enhance your business during this period of change. Read on for the details.
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First American index shows dip in homeownership progress
Posted Date: Sunday, May 15, 2016
First American Financial Corp. released the second annual First American Homeownership Progress Index. It measures the level of homeownership and the underlying demographic and economic factors that influence the probability of homeownership over time and geography. Read on to learn more.
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16 more counties eRecord with Simplifile
Posted Date: Sunday, May 15, 2016
Simplifile announced it has installed its eRecording solution in 16 additional county recording offices across Alabama, Arkansas, Georgia, Florida, Louisiana, North Carolina and Pennsylvania. Read on to learn more.
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NS3 Preview: Creating meeting of the minds between creditors, settlement agents
Posted Date: Thursday, May 12, 2016
A dog is smarter than its tail, right? It usually is, until it doesn’t pay close enough attention to the details. At this year’s National Settlement Services Summit (NS3), October Research, LLC will be hosting “TRID Tails,” where a panel of experts will review the TILA-RESPA Integrated Disclosure (TRID) rule’s various conflicts and problems that they have seen arise out of the normal workflow between creditors and settlement agents. Read on to learn more.
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NS3 Preview: Escrow developments across the states
Posted Date: Tuesday, May 10, 2016
Escrow practices across the country vary dramatically already, but state and federal regulatory changes, market developments and fraud considerations promise to further complicate matters. During the National Settlement Services Summit, attendees will learn about the latest trends impacting escrow functions as well as how to keep their operations safe and successful.
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